Buying a property

Before you start looking for a property you need to know what you can afford. If you need a mortgage, speak to a mortgage adviser and find out how much you can borrow. A formal offer can quickly lead to a binding contract so it is vital your funding is in place.

2

Once you’ve found a property you like, request a copy of the Home Report from the Estate Agent. Please read the report in great detail and ask us if you have any questions. Once you are happy, we can then note interest with the selling agents on your behalf.

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By formally noting interest, this means the seller cannot sell the property without first advising you of any other potential buyers. To allow you the best chance of securing the property, you must submit your best offer.

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At this stage The Law Society require us to obtain suitable forms of ID from you before we can carry out any work, such as a UK drivers licence, current UK passport or original birth certificate; and proof of address.

Process

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Once the offer is accepted verbally, it will be followed by a written acceptance which will contain a number of points about the property. Once missives are concluded, the contract will be legally binding.

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When we receive the acceptance from the seller’s solicitors, we would expect also to receive the title deeds along with the various reports and searches. These form an integral part of the conveyancing process. Our role is check this documentation thoroughly.

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At the same time we will send you a financial breakdown which details the amount you need to pay us. It also details how to get these monies to us. On the date of completion, we forward the settlement price to the seller’s solicitors and, in exchange, you will receive the keys to your new home.

The End

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Following on from completion, you may experience problems with the systems in your new home. Be aware, you have a limited time to check systems are working, and report any problems to us within 5 days from getting the keys.

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Once the registration process is complete, an updated Land Certificate (or title deed) will be issued electronically by the Land Register showing you as owners of the property. You are now the legal owner and the process is effectively complete.